{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-001254","form_type":"8-K","ticker":"RVYL","cik":"0001419275","company_name":"RYVYL Inc.","filed_at":"2023-11-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.007096+00:00","generated_at":"2026-06-07T20:57:44.983352+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"RYVYL exchanges $60.3M note & preferred for Series B convertible preferred; $3M cash paid","bullets":["Exchanged $60.3M of note principal, all Series A Preferred, and rights to Unissued Series A for 55,000 Series B Preferred shares.","Series B has $1,000 stated value; convertible at fixed $3.11/share or alternate conversion price (floor $0.62).","Company to pay investor $3M cash; investor waives interest through July 2024 and forbears note repayment until April 5, 2025.","Conversion limited to 19.99% of outstanding common until shareholder approval obtained per Nasdaq rules."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-001254","json":"https://secwatch.observer/filing/0001185185-23-001254.json","markdown":"https://secwatch.observer/filing/0001185185-23-001254.md","text":"https://secwatch.observer/filing/0001185185-23-001254.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523001254/0001185185-23-001254-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523001254/ryvyl20231127_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T20:57:44.983352+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4d55b34a2a7cda78cde4821380fa8459724e704c","claim":"RYVYL Inc. entered into Second Exchange Agreement with an institutional investor valued at $60,303,000 of the outstanding principal under the Note for 55,000 shares of Series B Preferred Stoc (effective 2023-11-27).","evidence_excerpt":"On November 27, 2023, the Company entered into an Exchange Agreement (the “Second Exchange Agreement”) with the Investor.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1419275/000118518523001254/0001185185-23-001254-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Value","value":"$60,303,000 of the outstanding principal under the Note for 55,000 shares of Series B Preferred Stoc"},{"label":"Effective","value":"2023-11-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}